Aon PLC Class A

AON: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$664.00	Fzrpxt	Lqwxtzyn

Aon Earnings: Growth Slows

Brett Horn

Apr 26, 2024

Aon saw its growth slow in the first quarter, with organic revenue growth of just 5% year over year. While this lags what we've seen from peers, we expect growth to moderate for all of the brokers going forward, and Aon may just be seeing this process play out a bit more quickly. All in all, results for the quarter were roughly in line with what we expect from Aon over the long run. We will maintain our $301 fair value estimate for the narrow-moat company and see the shares as about fairly valued right now.

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